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Painted Pony Announces Filing of Statement of Reserves Data and Other Oil and Gas Information

CALGARY, ALBERTA--(Marketwire - April 28, 2008) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX VENTURE:PPY.A) (TSX VENTURE:PPY.B) today filed its Statement of Reserves Data and Other Oil and Gas Information as of December 31, 2007 as mandated by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators. Copies of the Company's reserve disclosure can be found on www.sedar.com.

This news release may contain forward-looking information that is subject to known and unknown risks, uncertainties and other factors. Readers are cautioned that actual future results, performance or achievements may be different from those expressed or implied in this release and the difference may be material.

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